HR 1992
112th Congress
House
Taxation
Alternative and renewable resources
Electric power generation and transmission
Income tax credits
Indian lands and resources rights
FAIR CREDIT Act of 2011
Introduced: May 25, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 25, 2011
Referred to the House Committee on Ways and Means.
May 25, 2011
Introduced in House
Plain-English summary
Fair Allocation of Internal Revenue Credit for Renewable Electricity Distribution by Indian Tribes Act of 2011 or the FAIR CREDIT Act of 2011 - Amends the Internal Revenue Code, for purposes of the renewable electricity production tax credit, to allow an Indian tribe that has an ownership interest in the gross sales from a facility that uses a renewable energy resource to produce electricity to assign to any other person who has such an ownership interest any portion of the production from the facility that would, but for this Act, be allocated to such tribe.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1